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Out For Comment

CRA Investment Funds

Evansville, Ind.
Dec. 11, 2003
11:30 a.m. to 1 p.m.

For more information, contact Faith Weekly at (502) 568-9216.

OUT FOR COMMENT

The following is a Federal Reserve System proposal currently out for comment:

On Oct. 8, the Federal Reserve Board of Governors requested public comment on a proposal to change its cash services policy. The public comment period will conclude on Jan. 15, 2004. The Board wishes to add two elements:

1. A custodial inventory program that provides an incentive to depository institutions (DIs) to hold currency in their vaults to meet their customers' demands, and

2. A fee charged to DIs that deposit currency to and order currency from Federal Reserve banks within the same week—instead of recirculating deposited currency among their customers.

More information can be found at www.stlouisfed.org/email_alerts/fs/cash.html and www.federalreserve.gov/boarddocs/press/Other/2003/20031008/default.htm.

Direct all comments to: Jennifer Johnson, Secretary, Board of Governors of the Federal Reserve System, 20th St. and Constitution Ave., N.W., Washington, D.C., 20551.

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